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CA Inc. (CA): Today's Featured Technology Laggard

CA ( CA) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 2.2%. By the end of trading, CA fell $0.39 (-1.4%) to $28.23 on average volume. Throughout the day, 3,548,899 shares of CA exchanged hands as compared to its average daily volume of 3,764,200 shares. The stock ranged in price between $28.19-$29.00 after having opened the day at $29.00 as compared to the previous trading day's close of $28.62. Other companies within the Technology sector that declined today were: SatCon Technology Corporation ( SATC), down 33.3%, FalconStor Software ( FALC), down 12.4%, InterDigital ( IDCC), down 12.1% and Alvarion ( ALVR), down 10.2%.

CA Technologies, together with its subsidiaries, provides enterprise information technology (IT) management software and solutions that help customers manage and secure IT environments in the United States and internationally. CA has a market cap of $13.0 billion and is part of the computer software & services industry. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7. Shares are up 30.2% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates CA a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates CA as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Voltari ( VLTC), up 888.7%, Wave Systems Corporation ( WAVX), up 260.0%, TranSwitch Corporation ( TXCC), up 18.1% and Interphase ( INPH), up 15.4% , were all gainers within the technology sector with First Solar ( FSLR) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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